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$ 269,000
Est. payment | /mo
4,791 Sqft Lot
$ 269,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Nicholson
MLS Listing ID 5205857
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1957
Annual Tax Amount $3,007
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Apartment
Property Description
Turnkey Investment Opportunity in Wellsville Ohio! If you've been searching for a solid, income-producing property with upside potential, this apartment complex delivers. Situated in Wellsville this well-maintained brick building offers durability, low maintenance, and strong rental appeal. The property features a total of 7 units, including 6 studio apartments and 1 one-bedroom unit, all under one roof. The one-bedroom apartment is currently rented at $775/month, while studio units are bringing in $650/month, with room for future rent optimization. In addition, there is a mobile home located at the rear of the property generating $175/month in lot rent—adding another stream of income. Several units are already occupied, providing immediate cash flow, while the remaining units offer an opportunity to increase revenue as they are leased. Utilities are landlord-paid, with average monthly expenses of approximately $100 for trash, $100 for water, $300 for electric, and $150 for gas—keeping operating costs predictable and manageable. The building itself is in excellent condition, showcasing a strong brick structure that enhances long-term value and minimizes exterior maintenance concerns. Whether you're looking to expand your portfolio or step into multifamily investing, this property offers stability, income, and growth potential all in one package. Don't miss your chance to own a versatile investment property with multiple income streams!
Location
State OH
County Columbiana
Interior
Heating Forced Air, Gas
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Common
Water Access Desc Public
Present Use Multi-Family
Building
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Wellsville Lsd - 1511
Others
Tax ID 8401743000
Special Listing Condition Standard
Listed by Demetrius Ison • Keller Williams Chervenic Rlty • demetriusison@kw.com, 330-518-6640
Nearby Locations
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More Options Realty, LLC
Broker | License ID: CQ1068580 2018004628 RB069082